Companies urged to look after the pounds and pennies to prevent job losses
Released on: June 26, 2008, 9:42 am
Press Release Author: Jenna Weekes/Jaluch
Industry: Small Business
Press Release Summary: Human Resources firm Jaluch is offering advice to businesses on avoiding job losses
Press Release Body: Companies are being urged to cut their cloth with a few simple steps to avoid redundancies during the credit squeeze. A human resources firm, which is seeing a massive increase in the number of calls relating to redundancies, says the money saved by axing jobs could be met with less radical measures. Julie Parsons, Director of Jaluch, which has offices in Reading and Ringwood, said: "Local companies are feeling the pinch of the credit crunch and the hangover is likely to last for up to a couple of years but in the long-term redundancy could do more damage. "There's a lot to be said for retaining skills and experience, for keeping staff morale high by retaining jobs and by reassuring workers that you have their best interests at heart. Avoiding redundancy also helps to keep productivity high and can force you into working more efficiently." Jaluch, which produces a series of management pocketbooks, has come up with 10 ways of avoiding redundancies. They include reducing or stopping overtime, monitoring day to day expenses and petty cash and reducing business-related travel. Other tips include freezing recruitment, letting temporary positions go, offering unpaid leave to staff for holidays during quiet times and changing working hours. Julie added: "Now is the time to keep a close eye on debtors and ensure frequent staff absence is investigated. It's also a good idea to consider whether staff skills could be used to drive forward other areas of the business. "Redundancy can be hugely stressful and there are plenty of pitfalls, the cost of making a redundancy can also be high and the costs of getting it wrong are even higher. Many of the companies we speak to find making savings in a few key areas adds up to saving valued-jobs." www.jaluch.co.uk
Web Site: http://www.jaluch.co.uk
Contact Details: South Coast Office Jaluch Limited Jaluch House Deweys Lane Ringwood Hants BH24 1AJ
2025
